PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151901
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1151901
Global Decentralized Finance Market Size study & Forecast, by Component (Blockchain Technology, Decentralized Applications, Smart Contracts), by Application and Regional Analysis, 2022-2029
Global Decentralized Finance (DeFi) Market is valued at approximately USD 11.78 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 42.5% over the forecast period 2022-2029. Decentralized finance (DeFi) is a developing financial technology that offers financial instruments without relying on intermediaries such as exchanges, brokerages, or banks by utilizing smart contracts on a blockchain. Factors such as the growing adoption of blockchain technology, rising penetration of digitized financial services, coupled with the development of the financial sector are driving the market growth across the globe.
According to Statista, in 2019, the expenditure on blockchain solutions was estimated to account for USD 2.7 billion, which is anticipated to reach USD 19 billion by the year 2024. Therefore, the rising adoption of blockchain technology is fueling the demand for Decentralized Finance (DeFi), which, in turn, accelerates market growth. Moreover, the increasing investment in technological developments, as well as the rising number of strategic initiatives by the key market players are presenting various lucrative opportunities the market growth over the forthcoming years. However, rising data privacy and regulatory concerns and high cost related to R&D activities are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Decentralized Finance (DeFi) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the marketin terms of revenue, owing to the growing use of DeFi in the insurance industry, as well as the rising presence of key market players. Whereas the Asia Pacific is expected to grow with the highest CAGRduring the forecast period. Factors such as the rising adoption of novel technologies and increasing digitalization are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Compound Labs, Inc.
MakerDAO
Aave
Uniswap
SushiSwap
Curve Finance
Synthetix
Balancer
Bancor Network
Badger DAO
Recent Developments in the Market:
- In May 2021, Sheesha Finance and EQIFI entered into a partnership agreement to improve the companies access to the DeFi platform and international banking solutions.
- In December 2020, Trust Token announced the introduction of the TrueFi DeFi lending system that allows customers to receive constant high returns. This methodology provides qualified customers with speedy fixed-term loans with fixed rates and no additional need for collateral.
Global Decentralized Finance (DeFi) Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Blockchain Technology
Decentralized Applications (dApps)
Smart Contracts
By Application:
Payments
Data & Analytics
Decentralized Exchanges
Stablecoins
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Decentralized Finance (DeFi) Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Decentralized Finance (DeFi) Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Decentralized Finance (DeFi) Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Decentralized Finance (DeFi) Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Decentralized Finance (DeFi) Market Dynamics
- 3.1. Decentralized Finance (DeFi) Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing adoption of blockchain technology
- 3.1.1.2. Rising penetration of digitized financial services
- 3.1.2. Market Challenges
- 3.1.2.1. Rising data privacy and regulatory concerns
- 3.1.2.2. High cost related to R&D activities
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing investment in technological developments
- 3.1.3.2. Rising number of strategic initiatives by the key market players
- 3.1.1. Market Drivers
Chapter 4. Global Decentralized Finance (DeFi) Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Decentralized Finance (DeFi) Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Decentralized Finance (DeFi) Market by Component, Performance - Potential Analysis
- 6.3. Global Decentralized Finance (DeFi) Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 6.4. Decentralized Finance (DeFi) Market, Sub Segment Analysis
- 6.4.1. Blockchain Technology
- 6.4.2. Decentralized Applications (dApps)
- 6.4.3. Smart Contracts
Chapter 7. Global Decentralized Finance (DeFi) Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Decentralized Finance (DeFi) Market by Application, Performance - Potential Analysis
- 7.3. Global Decentralized Finance (DeFi) Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Decentralized Finance (DeFi) Market, Sub Segment Analysis
- 7.4.1. Payments
- 7.4.2. Data & Analytics
- 7.4.3. Decentralized Exchanges
- 7.4.4. Stablecoins
- 7.4.5. Others
Chapter 8. Global Decentralized Finance (DeFi) Market, Regional Analysis
- 8.1. Decentralized Finance (DeFi) Market, Regional Market Snapshot
- 8.2. North America Decentralized Finance (DeFi) Market
- 8.2.1. U.S. Decentralized Finance (DeFi) Market
- 8.2.1.1. Component breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Decentralized Finance (DeFi) Market
- 8.2.1. U.S. Decentralized Finance (DeFi) Market
- 8.3. Europe Decentralized Finance (DeFi) Market Snapshot
- 8.3.1. U.K. Decentralized Finance (DeFi) Market
- 8.3.2. Germany Decentralized Finance (DeFi) Market
- 8.3.3. France Decentralized Finance (DeFi) Market
- 8.3.4. Spain Decentralized Finance (DeFi) Market
- 8.3.5. Italy Decentralized Finance (DeFi) Market
- 8.3.6. Rest of Europe Decentralized Finance (DeFi) Market
- 8.4. Asia-Pacific Decentralized Finance (DeFi) Market Snapshot
- 8.4.1. China Decentralized Finance (DeFi) Market
- 8.4.2. India Decentralized Finance (DeFi) Market
- 8.4.3. Japan Decentralized Finance (DeFi) Market
- 8.4.4. Australia Decentralized Finance (DeFi) Market
- 8.4.5. South Korea Decentralized Finance (DeFi) Market
- 8.4.6. Rest of Asia Pacific Decentralized Finance (DeFi) Market
- 8.5. Latin America Decentralized Finance (DeFi) Market Snapshot
- 8.5.1. Brazil Decentralized Finance (DeFi) Market
- 8.5.2. Mexico Decentralized Finance (DeFi) Market
- 8.6. Rest of The World Decentralized Finance (DeFi) Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Compound Labs, Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. MakerDAO
- 9.2.3. Aave
- 9.2.4. Uniswap
- 9.2.5. SushiSwap
- 9.2.6. Curve Finance
- 9.2.7. Synthetix
- 9.2.8. Balancer
- 9.2.9. Bancor Network
- 9.2.10. Badger DAO
- 9.2.1. Compound Labs, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Decentralized Finance (DeFi) Market, report scope
- TABLE 2. Global Decentralized Finance (DeFi) Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Decentralized Finance (DeFi) Market estimates & forecasts by Component 2019-2029 (USD Billion)
- TABLE 4. Global Decentralized Finance (DeFi) Market estimates & forecasts by Application 2019-2029 (USD Billion)
- TABLE 5. Global Decentralized Finance (DeFi) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 6. Global Decentralized Finance (DeFi) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Decentralized Finance (DeFi) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Decentralized Finance (DeFi) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Decentralized Finance (DeFi) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Decentralized Finance (DeFi) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Decentralized Finance (DeFi) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Decentralized Finance (DeFi) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Decentralized Finance (DeFi) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Decentralized Finance (DeFi) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. U.S. Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 17. U.S. Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. Canada Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 19. Canada Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. UK Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 22. UK Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. Germany Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 25. Germany Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. France Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 28. France Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. Italy Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 31. Italy Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Spain Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 34. Spain Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. RoE Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 37. RoE Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. China Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 40. China Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. India Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 43. India Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. Japan Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 46. Japan Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. South Korea Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 49. South Korea Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. Australia Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 52. Australia Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. RoAPAC Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. Brazil Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 58. Brazil Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Mexico Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 61. Mexico Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. RoLA Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 64. RoLA Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. Row Decentralized Finance (DeFi) Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 67. Row Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Decentralized Finance (DeFi) Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. List of secondary sources, used in the study of global Decentralized Finance (DeFi) Market
- TABLE 70. List of primary sources, used in the study of global Decentralized Finance (DeFi) Market
- TABLE 71. Years considered for the study
- TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Decentralized Finance (DeFi) Market, research methodology
- FIG 2. Global Decentralized Finance (DeFi) Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Decentralized Finance (DeFi) Market, key trends 2021
- FIG 5. Global Decentralized Finance (DeFi) Market, growth prospects 2022-2029
- FIG 6. Global Decentralized Finance (DeFi) Market, porters 5 force model
- FIG 7. Global Decentralized Finance (DeFi) Market, pest analysis
- FIG 8. Global Decentralized Finance (DeFi) Market, value chain analysis
- FIG 9. Global Decentralized Finance (DeFi) Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Decentralized Finance (DeFi) Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Decentralized Finance (DeFi) Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Decentralized Finance (DeFi) Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Decentralized Finance (DeFi) Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Decentralized Finance (DeFi) Market, regional snapshot 2019 & 2029
- FIG 15. North America Decentralized Finance (DeFi) Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Decentralized Finance (DeFi) Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Decentralized Finance (DeFi) Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Decentralized Finance (DeFi) Market 2019 & 2029 (USD Billion)
- FIG 19. Global Decentralized Finance (DeFi) Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
